LP's DFW diary - Pixie Power.....

LilacPixie

I must admit I am feeling proud of myself. I keep redoing my budget to see where i can pull a little extra from and where i can make some savings too.

Buffythedebtslayer

LilacPixie wrote: »

dfd as per snowball was may 2016 when i first joined this site based on minimum payments. Now its August 2010. I even have gotten brave and added in the mortgage plus student loans and at the current rate of repayment we can be df and mf in 61 months!!! that has given us a huge point to focus on.

o wow how cool would that be?:j

I must do mine again in months rather years.

Good Luck Lilac

xxxx

LilacPixie

Oh I've also started doing daily clicks and slice the pie so hoping to be able to reduce that 61 months even further. I am also joining the make £10 a day challenge this month although I am doing £5 a day instead.

Lozza001

Hi Lilac,

Its looking like you are doing really well. Congratulations on the little one too. You have done well keeping on track with the distractions of a baby, it certainly threw me off track for a few months.
I am getting on with it again now, but still not quite ready to post my SOA.

Anyway I just wanted to ask you what daily clicks you are doing. I have a couple through greasy palm but I can't find any more. Could you offer some hints?

boredofbeingathome

Hi LP, how's little pixie coming along.?.haven't been on Nightowls for a couple of days.

LilacPixie

Hiya BOB, I'm a little bit up in the air at the moment. Just trying to find a natural routine. Little pixie is doing fine. She is 5 weeks old now and getting big. Time sure is flying.

I must admit we have not been sticking to our budget recently. Takeaways have started to slip back into the diet mostly because I can't be bothered cooking. I need to get a bit of a target so I will be virtual house hunting this weekend. I am thinking of printing out a property schedule of a home that would be well within our reach if we could stick to our budget and get rid of some unsecured debt.

This house is far far too small for us all now and really we must think of moving, meanwhile we would benefit from a declutter so I will have to get my head around ebay and get some things listed. What can't be listed for whatever reason will be either binned or charity shopped depending on what it is.

I will also be making a point of posting on this diary more often to keep me focused. I will also probably post another SOA that is more accurate to current circumstances. I'm on maternity leave so income has dropped slightly but child benefit has increased.

OH fixed term contract ends in around 3 weeks :eek: It may be extended on a weekly basis but not for any length of time. He drives an HGV delivering building materials and as no where is really building at the moment the company has no need for 2 drivers. Hopefully he should pick up driving work elsewhere but you never can tell. All the more reason to stick to a budget and get a nice little buffer just incase.

Thankfully my job is very secure so we can cover all essentials but not much more.

LilacPixie

font=courier new]Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 1297
Partners monthly income after tax....... 1000
Benefits................................ 207
Other income............................ 0
Total monthly income.................... 2504

Monthly Expense Details
Mortgage................................ 404
Secured loan repayments................. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 118
Electricity............................. 20
Gas..................................... 20
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 65
TV Licence.............................. 12
Satellite/Cable TV...................... 40
Internet Services....................... 0
Groceries etc. ......................... 250
Clothing................................ 0
Petrol/diesel........................... 180
Road tax................................ 22
Car Insurance........................... 97
Car maintenance (including MOT)......... 30
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 23 Contents insurance...................... 0
Life assurance ......................... 16
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 20
Holiday................................. 70
Emergency fund.......................... 0
Total monthly expenses.................. 1387

Assets
Cash.................................... 1980
House value (Gross)..................... 80000
Shares and bonds........................ 0
Car(s).................................. 4000
Other assets............................ 0
Total Assets............................ 85980

Secured Debts
Description....................Debt......Monthly...APR
Mortgage...................... 54000....(404)......6.3
Total secured debts........... 54000.....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
RBS Loan.......................2700......134.......10.2
GE Money.......................9800......142.......12.8
Welcome Car HP ................3036......276.......34.9
0708 ctax arrears..............880.......110.......0
0506 C tax Arrears.............480.......160.......0
Sofa...........................475.......21........0
Total unsecured debts..........17371.....843.......-

Monthly Budget Summary
Total monthly income.................... 2,504
Expenses (including secured debts)....... 1,387
Available for debt repayments........... 1,117
Monthly UNsecured debt repayments....... 843
Surplus(deficit if negative)............ 274

Personal Balance Sheet Summary
Total assets (things you own)........... 85,980
Total Secured debt...................... -54,000
Total Unsecured debt.................... -17,371
Net Assets.............................. 14,609

Created using the SOA calculator at https://www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.[/font]


Little bit of an updated SOA for me. To be honest it isn't all that accurate.

My wages and the bills are calander monthly, benefits are 4 weekly and OH wages are weekly so i call 4 weeks a month for him. His wages yo-yo between £254 and £340 a week.

wE have pretty much overpaid what can be overpaid without penalty. So we are on a mission to save until we have a better idea on oh job.

O paper we should be in a great position yet it doesn't feel like it.

thriftymoo

Hiya

Just wanted to say well done you are doing great! and also congrats on little pixie!!!

hayley_jayne

Big congratulations on the baby!

I have 8 weeks left to go and am really excited. You do seem to have a lot of similar goals to me. I want to get out of debt to move and certainly know about the need to declutter, which is happening alhough slowly!

Have you made any progress with your claim againt Welcome?

Good luck!

x

boredofbeingathome

It will get there LP, it is always swings and roundabouts when you start to come to terms with everything.
little pixies will no doubt be taking up a lot of your time and you will be wondering where the day goes to.